Repatriating Investment Funds From Vietnam Part I: Foreign Indirect Investment

When a non-Vietnamese citizen wants to invest in Vietnam there are a few questions which come up at the very beginning. One of them--and I've worked on several informational memos about this--is how they repatriate their investment, and any profits, from Vietnam when they are finished with the investment. The answer to that question depends [...]

By |2020-06-05T12:28:39+07:00June 5th, 2020|Banking and Finance, Inward Investment, Securities and Capital markets|Comments Off on Repatriating Investment Funds From Vietnam Part I: Foreign Indirect Investment

Why It Matters that Vietnamese Hate Chinese

A recent Linkedin post alerted me to a crackdown on foreign land ownership. It linked to an article in the local press about Chinese investors buying land in Da Nang through "various ruses." As I read the article I came to realize that the Linkedin poster hadn't really read into the article that much, or [...]

By |2020-05-28T12:36:41+07:00May 28th, 2020|International Trade, Inward Investment|Comments Off on Why It Matters that Vietnamese Hate Chinese

Anti-Corruption Law in Vietnam for Investors

WHY WORRY ABOUT ANTI-CORRUPTION LAWS IN VIETNAM? At certain points of my career the question of corruption became relevant. Not only was there corruption in the government as they seized assets and claimed taxes—which they had already signed off as having received—weren't paid, but there was the question of what we, as a company seeking [...]

By |2020-05-14T12:17:50+07:00May 14th, 2020|Corporate and commercial, Inward Investment|Comments Off on Anti-Corruption Law in Vietnam for Investors

Legal Formalities in Indochina

Formalities. Time consuming, seemingly needless, but so very important. When I was in Laos, I worked for an investment fund that offered some private parties loans. I was in charge of securing those loans. I did my due diligence, researched the secured transaction law--which was fairly simple--and drafted sufficient contracts to protect the fund. But [...]

By |2019-10-15T08:54:45+07:00October 15th, 2019|Contract Law, Corporate and commercial, Dispute Resolution, Inward Investment|Comments Off on Legal Formalities in Indochina

Don’t Trust a BCC

A while ago I was working with another lawyer on an M&A deal. The target company was a Vietnamese entity that operated in a restricted sector. This meant that foreign ownership was limited. Our client was a foreign entity that had a Business Cooperation Contract with the Vietnamese entity that stated that the foreign entity [...]

By |2019-10-07T10:22:53+07:00October 7th, 2019|Contract Law, Corporate and commercial, Inward Investment, M&A|Comments Off on Don’t Trust a BCC

In Laos

I try not to let my personal life interfere with this blog too much, though I do on occasion tell personal stories. I'm currently sitting in Laos Plaza Hotel in Vientiane, Laos, and wondering at the difference between Vietnam and Laos. While there is indeed some new construction here in Vientiane, it is nothing like [...]

By |2019-08-26T15:45:08+07:00August 26th, 2019|General, International Trade, Inward Investment|Comments Off on In Laos

Vinfast Roars to Life

Last week Vinfast, a subsidiary of Vinagroup, began manufacturing the Vinfast line of automobiles. The line begins with a standard hatchback and a sedan, two vehicles that are priced around 17,000USD. This is cool. For a couple of reasons is this cool. First, car purchases in Vietnam are up 22% year on year since 2018. [...]

By |2019-06-24T10:42:38+07:00June 24th, 2019|Business News, Corporate and commercial, International Trade, Inward Investment|Comments Off on Vinfast Roars to Life

Ministry Proposes CIT Cut for SMEs

According to Vietnam News, here, the Ministry of Finance has proposed a change in the current corporate income tax structure for small and medium sized businesses with an even greater exception for what it considers micro businesses. The cut would be from the regular 20% which is paid by all enterprises to 15-17% depending on [...]

By |2019-04-22T08:48:02+07:00April 22nd, 2019|Business News, Corporate and commercial, Inward Investment, Legal News|Comments Off on Ministry Proposes CIT Cut for SMEs

Shop & Go Gone Bust

In a story reported by VN Express here, Shop & Go, a chain of nearly a hundred convenience stores in Ho Chi Minh City and Hanoi was sold to Vingroup for $1. Shop & Go was a Singaporean enterprise that was one of the first in the convenience store space in Vietnam. Unfortunately, Shop & [...]

By |2019-04-08T15:55:07+07:00April 8th, 2019|Business News, Business plans, Competitive research, Contract Law, General, Inward Investment|Comments Off on Shop & Go Gone Bust
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